Title : The Tinka Resources (TK.v) resource update: Many good things
link : The Tinka Resources (TK.v) resource update: Many good things
The Tinka Resources (TK.v) resource update: Many good things
This isn't going to be a long note, but I wanted to put something up here after skimming, scanning, reading and then studying the resource update published by Tinka Resources (TK.v) this morning for its Ayawilca project in Peru because there are a lot of things to like here. We'll do it via a screenshot of the main Ayawilca zinc resource table, I add the red boxes:
The red boxes pick out things to really like. Example, 20.6% of the overall resource is now in the indicated category. Example, we've added nearly 25m tonnes. Example, grade isn't just good, it's excellent (be clear that just down the hill, Peru's biggest zinc miner Volcan makes decent profits at much lower grades than even that 5.6% Zn in the inferred...so 6.9% pure zinc indicated is as juicy as you could wish). Then in the notes, I've picked out a few of the details because this obviously is NOT a BS-type of resource, they've been conservative almost to a fault with pricing, with NSR cut-off (there's a strong case to make that $50/t) and with ratio dynamics.
There's still plenty of development work to do at Ayawilca and 2019 will be a key year for the company. Also, the way this crappy market is right now there's no guessing how the update will be received by the world. But be in no doubt, this is a strong resource update that validates the company's work so far.
Full disclosure: Yup I'm long TK, I'm nicely in profit on the trade but I'm not selling any shares. So now you know.
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